B. coracoideus is a demersal (living at or near the bottom of the water body) species that occurs in ponds, forest creeks and small rivers rich in plant debris. It spawns eggs on sandy substrate, in groups. Unlike the other species of Aspredinidae, the female does not carry her eggs (4,000 to 5,000 per spawning) in bags (cotylophores).

This species is one of the most common members of the family Aspredinidae in the aquarium trade (Berra, 2001). This popular aquarium species is likely to be bred in captivity and is not threatened by over harvesting.